Retirement
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Rep. Steny Hoyer (D-Md.) said he will make the case to fellow lawmakers that it’s the wrong time to cut federal employee benefits as the unemployment rate is low.
May 25, 2017 -
Senior Correspondent Mike Causey says the budget proposal could eliminate the so-called Social Security supplement now available to feds who are forced to retire earlier because of stressful, dangerous jobs.
May 25, 2017 -
President Donald Trump has weighed in on the ongoing postal reform debate with a fiscal 2018 budget proposal that would save the U.S. Postal Service $47 billion over 10 years through cuts in retirement benefits and mail delivery costs.
May 24, 2017 -
Senior Correspondent Mike Causey says the greatest fear of retirees who don't get a pension from work or an inflation adjustment is running out of money.
May 24, 2017 -
The President's full 2018 budget proposal offers a 1.9 percent pay raise for civilian employees and a 2.1 percent raise to members of the military. But federal employee unions and organizations say the raise does little to undo the damage the President's proposed cuts to federal retirement benefits will have on current employees and retirees and future government workers. The budget also details workforce reductions at some agencies.
May 23, 2017 -
Are you worried about running out of money? This week on Your Turn, financial planner Arthur Stein joins host Mike Causey to discuss how long your investments should last during retirement. May 24, 2017
May 23, 2017 -
Proposed changes to the federal retirement system could force current federal employees to delay retirements and spark financial hardship for current retirees. Federal financial experts discuss these proposals, which President Donald Trump included in his full fiscal 2018 budget request.
May 23, 2017 -
Senior Correspondent Mike Causey says federal and Social Security retirees may be in for a cost-of-living adjustment that’ll trump January's proposed 1.9 percent pay raise for federal workers.
May 23, 2017 -
Many of the ideas President Donald Trump outlined in his March budget blueprint remain the same in his final budget proposal, which he released Tuesday. But federal employees will notice other proposals that are new — and have the potential to impact them directly.
May 22, 2017 With the Trump administration proposing budget cuts and workforce reductions in other agencies, many feds could soon find themselves offered a lump sum to call it quits early. Federal News Radio's Eric White spoke with Tammy Flanagan, senior benefits director at the National Institute of Transition Planning, on Federal Drive with Tom Temin about what you should consider before making a decision.
May 22, 2017-
Congress is in the midst of "reforming" the federal government by rounding up overpaid bureaucrats and whittling back their break-the-bank benefits.
May 22, 2017 -
If this isn’t take-an-expert-to-lunch month, maybe it should be, says Senior Correspondent Mike Causey. It’s a perfect time to check in on any crystal ball-gazers.
May 11, 2017 -
If you work for Uncle Sam and you don't like your benefits package, you need help. Senior Correspondent Mike Causey has just the person to talk to.
May 10, 2017 -
One of the tough choices for people turning 65 can be both important and expensive, says Senior Correspondent Mike Causey, namely choosing to purchase Medicare Part B coverage or not.
May 09, 2017 -
OPM took longer in April to process retirement claims within 60 days compared to other months throughout the year. The agency processed 27 percent of the retirement claims it received in April within the standard 60 days or less, well below the 77 percent processing rate OPM posted in March. OPM also received slightly fewer retirement claims last month compared to April 2016.
May 08, 2017